Affordable Freestanding Metcash Supermarket Freehold

2 eramosa road east, somerville vic

Price on Request

  • Secure 15 yr net lease to Ritchies
  • CPI reviews + 2.25% turnover rent
  • Tenant in Occupation for 40+ Years

Property Details

Secure 15 year net lease to Ritchies to 2024 plus options to 2039
Ritchie’s: 26% owned by Metcash Ltd, ASX listed with a market cap of $3.1 billion
Highly desirable annual CPI reviews plus generous turnover rent provisions of 2.25%
Well maintained and versatile 965 sqm retail building 50 metres from NAB and Commonwealth Bank
Significant corner landholding of 1,926 sqm with premium Commercial 1 zoning and dual street frontage of over 97 metres
Direct retail access to 19 on-title parking spaces plus seamless integration with over 30 car parks on neighbouring properties
Somerville: Satellite suburb 52km from Melbourne, between Frankston and Hastings
Net Income: $208,819 pa + GST and Outgoings

Auction 11am AEDT Wednesday 28 March 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 965 sqm
Land Size 1,926 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC001926

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E

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